# Pony.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pony-ai

- Industry: Software
- Headquarters: Fremont, US
- Website: www.pony.ai
- Total disclosed funding: $681M
- Latest round: Series D (Oct 24, 2023)
- Investors on record: 23

## About

Established in 2016 and based in the US, Pony.ai, Inc. develops an autonomous driving technology to facilitate the manufacturing of automated vehicles. The company has established R&D centers in Guangzhou, Shanghai, Shenzhen and Beijing, and in March 2017, it obtained an autonomous driving road test license from the State of California in the U.S. to start open road testing. In September 2018, the company released PonyAlpha, an autonomous driving software and hardware system, which was unveiled at the inaugural World Conference on Artificial Intelligence. As of 2023, a partnership has been entered into with a host of car manufacturers, including Guangzhou Automobile, BMW Toyota, and commercial vehicle manufacturer ZF Commercial Vehicles, to develop autonomous driving. The company's co-founder and CEO, Peng Jun, was previously the chief architect of Baidu's autonomous driving division. In October 2024, it raised venture funding for USD 27 million.

The company's core business includes three segments: self-driving travel services, self-driving trucks, and intelligent driving for passenger cars. The main product of a self-driving travel service is PonyPilot+, a self-driving hardware and software technology mounted on cars with application scenarios such as driverless cabs, etc. Users can download the APP for travel services. Other commercial products include PonyTron, which covers software system solutions, domain controllers, data closed-loop tool chains, and other functions.

Pony.ai, Inc. generates revenue by offering self-driving mobility services, self-driving freight services, and smart driving for passenger cars.

## Funding rounds

- Series D, Oct 24, 2023, $100M — NEOM Investment Fund
- Series C, Feb 8, 2021, $100M — Eight Roads Ventures, 5Y Capital, Brunei Investment Agency, CPE Funds Management, Fidelity International, ClearVue Partners, Ontario Teachers' Pension Plan
- Series C, Nov 6, 2020, $267M — Hong Shan, Ontario Teachers' Pension Plan, Eight Roads Ventures, 5Y Capital, Fidelity International, ClearVue Partners, China FAW Group
- Series A, Jul 11, 2018, $102M — Redpoint Ventures, Hong Shan, DCM, Eight Roads Ventures, 5Y Capital, Green Pine Capital Partners, China Merchants China Direct Investments, ClearVue Partners, Hongtai Investment, Delong Capital
- Series A, Jan 15, 2018, $112M — Hong Shan, DCM, Legend Capital, Comcast Ventures, IDG Capital, 5Y Capital, Legend Star, Puhua Capital, Hongtai Investment, Silicon Valley Future Capital, Polaris Capital
- Seed, Jun 13, 2017 — Hong Shan, IDG Capital

## Investors

- Hong Shan — Seed, Series A, Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Seed, Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series A
- Legend Capital — Series A
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A, Series C
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Series A
- Puhua Capital (https://capitalatlas.ai/funds/puhua-capital) — Series A
- Hongtai Investment — Series A
- Silicon Valley Future Capital (https://capitalatlas.ai/funds/silicon-valley-future-capital) — Series A
- Polaris Capital (https://capitalatlas.ai/funds/polaris-capital) — Series A
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series C
- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series A
- China Merchants China Direct Investments — Series A
- ClearVue Partners (https://capitalatlas.ai/funds/clearvue-partners) — Series A, Series C
- Delong Capital — Series A
- Ontario Teachers' Pension Plan — Series C
- Fidelity International — Series C
- China FAW Group — Series C
- Brunei Investment Agency — Series C
- CPE Funds Management (https://capitalatlas.ai/funds/cpe-funds-management) — Series C
- NEOM Investment Fund (https://capitalatlas.ai/funds/neom-investment-fund) — Series D